USDC Reserve Attestation Report from Grant Thornton LLP — January 2021

Circle Internet Financial has released an attestation report by Grant Thornton LLP confirming that USD Coin (USDC) tokens are fully backed by US dollars held in reserve. As of January 31, 2021, there were approximately 5.97 billion USDC tokens issued, with over $6 billion held in custody accounts, ensuring that the dollar reserves exceed the tokens in circulation. The report emphasizes Circle's commitment to transparency and accountability, with monthly attestations planned to maintain public trust. Circle aims to revolutionize financial transactions by promoting accessibility and efficiency, contributing to global economic growth and inclusivity.

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